Poppy Bank

Overview / Commentary
438 First Street
Santa Rosa, CA 95401

Poppy Bank is headquartered in SANTA ROSA and is the 21st largest bank in the state of California. It is also the 246th largest bank in the nation. It was established in 2005 and as of March of 2023, it had grown to 197 employees at 21 locations. Poppy Bank's CD rates are 6X the national average, and it has an A health rating.

Related Posts

Poppy Bank In California Increases 6-, 9-, 12-Month Cds To 5.0% - 4/20/2023

The increase was made today. That's up from 4.5% for those terms. https://www.poppy.bank/personal I'd like to see that on their 5-year CD, that's only a piddling 2.0%.

Poppy Bank (CA) Offers 4.00% APY On Three Short-Term CDs - 10/6/2022

Poppy Bank (California) is currently 4% on three short-term CDs: 6-, 9-, and 12-month. Minimum $1k opening deposit. Must be opened in-branch. Rate as of 10/6/2022.

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Great Experience Opening Savings Account

Not sure what all the bad reviews are for PB is a Really Good bank to bank with they have Great rates on there savings & CD accounts 5%, went inside the branch in Roseville CA and had a wonderful experience customer service rep was Great explained Everything as well as the branch manager came over and introduced himself Great Guy!! I would recommend this bank to all of my friends and family!

Best Bank Ever

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Poppy Bank opened up at a Safeway grocery store near my job over 3 years ago. They have consistently had the best savings and CD rates over any bank I have used. I have banked at Bank of the West, US Bank, Chase and more. The current CD rates are at 4% for 6,9 or 12 months which is the best in my area in California. The rates are so good that you need an appointment to open an account at some of their branches because so many people were flocking to their bank to open an account. I also have a liquid savings account that pays 3%. All these great rates are awesome considering the stock and crypto markets going down. You will never lose you initial deposit with a savings or CD. Give the bank a try you will be happy. Service is always friendly and helpful.

Savings Interest 1%

I have been Poppy Bank client for # of years. They advertise locally as a business bank, altho my savings & checking accounts are personal. My savings has been .5%, but when I went in to branch last week & asked if they were going to raise it- they did. It's now 1%.
Not sure if based on balance, but worth research, especially for those in area of branches.
I see comments about poor phone & online service. Branch service has always been A+. No problems with my online or app, altho they did lower max mobile deposits recently.

Great Rate, But ...

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After approval process, verifying trial deposits and $ withdrawn from external bank, the bank cancelled my CD and redeposited the funds. No calls / no emails. Apparently bank overwhelmed and mgmt cancelled the online CD applications as of 12/30.



Health Grade Components

FDIC Certificate #57903
Year Established2005
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.02%
Return on Equity - YTD11.94%
Annual Interest Income$70.9MM
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$5.92B$4.28B
LoansQ1 2023vs Q1 2022$3.64B$2.54B
DepositsQ1 2023vs Q1 2022$4.45B$3.69B
Equity CapitalQ1 2023vs Q1 2022$490.1MM$369.4MM
Loan Loss AllowanceQ1 2023vs Q1 2022$86.6MM$87.0MM
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$38.2MM$52.3MM
Real Estate OwnedQ1 2023vs Q1 2022$11.0MM$0
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Always verify rates and promotions with the bank or credit union. We are not Poppy Bank; we are a rate comparison website and cannot provide official rates or promotions.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

Poppy Bank Savings Account Rates

0.50%--Premier Personal Savings
0.20%--IRA Savings
0.10%--Personal Savings

Poppy Bank Money Market Rates

0.10%$1k-Personal Money Market

Poppy Bank Checking Account Rates

0.05%$500-Personal Interest Checking

Poppy Bank CD Rates

5.00%$1k-12 Month CD
5.00%$1k-6 Month CD
5.00%$1k-9 Month CD
3.00%$1k-3 Month CD
2.00%$1k-24 Month CD
2.00%$1k-18 Month CD
2.00%$1k-36 Month CD
2.00%$1k-48 Month CD
2.00%$1k-60 Month CD

Poppy Bank IRA Rates

5.00%$1k-6 Month IRA
5.00%$1k-12 Month IRA
5.00%$1k-9 Month IRA
3.00%$1k-3 Month IRA
2.00%$1k-18 Month IRA
2.00%$1k-24 Month IRA
2.00%$1k-36 Month IRA
2.00%$1k-48 Month IRA
2.00%$1k-68 Month IRA


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